Abu Dhabi Aabar commits $850 mln to Glencore IPO: term

Abu Dhabi’s Aabar Investments has committed to invest $850 million in Glencore International AG’s $10 billion initial public offering (IPO), becoming the biggest cornerstone investor in the offering, according to a term sheet seen by Reuters on Wednesday.

Government of Singapore Investment Corp (GIC), which is already a Glencore bondholder, has injected $400 million into the IPO, making the Singapore fund the second-biggest cornerstone investor……………………………………….Full Article: Source